Long Path Partners LP Sells 636 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

Long Path Partners LP decreased its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,337 shares of the company’s stock after selling 636 shares during the quarter. Liberty Broadband accounts for about 0.3% of Long Path Partners LP’s investment portfolio, making the stock its 10th biggest position. Long Path Partners LP’s holdings in Liberty Broadband were worth $948,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LBRDA. Creative Planning lifted its position in Liberty Broadband by 48.5% in the third quarter. Creative Planning now owns 15,884 shares of the company’s stock worth $1,220,000 after purchasing an additional 5,186 shares during the period. Seizert Capital Partners LLC raised its holdings in shares of Liberty Broadband by 3.3% in the 3rd quarter. Seizert Capital Partners LLC now owns 394,418 shares of the company’s stock worth $30,299,000 after buying an additional 12,515 shares in the last quarter. Private Management Group Inc. lifted its position in shares of Liberty Broadband by 29.8% during the 2nd quarter. Private Management Group Inc. now owns 388,923 shares of the company’s stock worth $21,235,000 after buying an additional 89,317 shares during the period. GAMMA Investing LLC boosted its stake in Liberty Broadband by 161.8% in the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock valued at $48,000 after buying an additional 390 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Liberty Broadband by 38.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock valued at $20,544,000 after buying an additional 104,268 shares in the last quarter. Institutional investors own 10.29% of the company’s stock.

Wall Street Analysts Forecast Growth

LBRDA has been the subject of a number of analyst reports. Rosenblatt Securities cut Liberty Broadband from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $91.00 to $92.00 in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $95.00 price target (up from $90.00) on shares of Liberty Broadband in a report on Friday, November 15th.

Insiders Place Their Bets

In other news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This trade represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,673 shares of company stock valued at $509,688. Insiders own 14.19% of the company’s stock.

Liberty Broadband Trading Up 0.5 %

Shares of LBRDA opened at $86.29 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 15.89 and a beta of 1.04. The stock has a fifty day moving average price of $80.54 and a two-hundred day moving average price of $64.93. Liberty Broadband Co. has a 52-week low of $47.17 and a 52-week high of $100.44.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $242.40 million. During the same period in the prior year, the firm earned $1.10 earnings per share.

Liberty Broadband Profile

Liberty Broadband Corporation engages in the communications businesses. The company’s GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.